Living in Laurel Bloomery, TN
Laurel Bloomery, TN is a peaceful, scenic town surrounded by the Appalachian Mountains, offering residents a close-knit community and rich outdoor lifestyle. Its natural beauty, local amenities, and relaxed pace make it a perfect place for families and retirees alike.
Current Market Conditions in Laurel Bloomery, TN
The real estate market in Laurel Bloomery is currently stable, characterized by a mix of affordable housing options and some more upscale listings. Increasing demands for rural properties have made this area attractive to buyers seeking tranquility and outdoor activities. The average time homes stay on the market is around 30 to 45 days, indicating a balanced supply and demand.
Current home prices in Laurel Bloomery have seen a slight increase compared to previous years. With more people looking to move away from urban centers and experience a quieter lifestyle, real estate activity has picked up, especially in larger family homes and properties with land.
Home Value Estimator For Laurel Bloomery, TN
There are currently 229 real estate properties
in Laurel Bloomery, TN,
with a median automated valuation model (AVM) price
of $142,824.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Laurel Bloomery, TN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Laurel Bloomery, TN,
is $175,905.00, with the most expensive house
in Laurel Bloomery, TN, topping out
at $771,711.00 and the cheapest home
in Laurel Bloomery, TN,
clocking in at $14,204.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Laurel Bloomery, TN!
Rent Prices
In Laurel Bloomery, TN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Laurel Bloomery, TN, is on
a rollercoaster ride. The
average rent price in Laurel Bloomery, TN,
is $905.00. Indeed, when looking to rent in
Laurel Bloomery, TN, you can expect to pay as little
as $510.00 or as much
as $1,560.00,
with the average rent median estimated to
be $880.00. The good news is that finding
an affordable and desirable property to rent in Laurel Bloomery, TN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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